World Economy

N. Ireland Growth Sluggish

N. Ireland Growth SluggishN. Ireland Growth Sluggish

Growth in the Northern Ireland economy was sluggish during May, with a marked fall in activity for construction firms, a major survey by Ulster Bank reveals Monday, NewsNow reported. The purchasing managers index said there was only slight growth in the economy during the month—and the rate of slowdown was the sharpest of any UK region. For the first time since February, growth was slower than the UK average. And a reduction in construction activity in the UK was leading to a steep slump in business in that sector in Northern Ireland, as large numbers of Northern Ireland builders depend on contracts in Great Britain.